Oireachtas Joint and Select Committees

Thursday, 26 September 2013

Public Accounts Committee

Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency

11:50 am

Mr. Brendan McDonagh:

I am not aware of the full details, but from what I do know, I believe it is on a medium-term to long-term horizon. Having said that, we have seen that areas we might have thought would have been slow to develop can suddenly become very quick to develop, particularly on the back of a foreign direct investment, where a company wishes to locate its premises in that area. We have had a lot of engagement with South Dublin County Council over the last three years to get substantial foreign direct investment into the area. The council has been very proactive in ensuring that it did whatever was necessary with ourselves and the IDA to make things happen.